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Europe Daily Bulletin No. 10396

11 June 2011
Contents Publication in full By article 35 / 39
GENERAL NEWS / (ae) eu/cjeu
Court confirms Basque tax exemptions illegal

Brussels, 10/06/2011 (Agence Europe) - The Court of Justice of the EU ruled on Thursday 9 June to uphold three Commission decisions from December 2001 which found that tax exemptions granted by the Basque authorities to new established businesses in the Territorios Históricos of Álava, Vizcaya and Guipúzcoa were state aid incompatible with the common market and had to be recovered. It ruled further that the regional authorities involved may not rely on the length of the procedure...

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